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Swedish Club grew stronger in 1st half of 2014

The Swedish maritime insurance company Swedish Club had a good first half of the year, where the company achieved a higher rating from rating bureau Standard & Poor's.

Photo: Gøteborg Havn

P&I Club Swedish Club is pleased with its result for the first half of the year.

"The Swedish Club continued to demonstrate a solid performance in the first six months of the new accounting year with the announcement of its half-year results today. It posted an overall surplus of USD 10.3 million, this outcome being largely a result of continued positive underwriting performance in a benign claims environment for the Club and its members, as well as from a stable investment return. At June 30th, 2014, the Club showed a net combined ratio of 93 percent and free reserves level reaching USD 178 million," says the company in a press release.

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